OPEC’s decision not to cut production—combined with large volumes of oil reserves and a slowing demand for crude—mean that prices are not likely to rebound in 2016, according to Platts Global Oil Outlook.READ MORESHARE

Nine operators are acquiring 710 wells in the Bakken, said Lynn Helms, North Dakota Department of Mineral Resources director. The two companies with the highest amount of well sales are Whiting Oil and Gas and Occidental PetroleumREAD MORESHARE

Although the Iowa Utilities Board (IUB) this week ended the public hearing process on the Dakota Access Pipeline that will transport Bakken crude to Illinois, a decision might be months away.READ MORESHARE

A Bakken-based refinery team is making offsite infrastructure investments to bolster its operations. Tesoro Corp. will acquire the assets of crude oil logistics provider Great Northern Midstream. READ MORESHARE